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Tinubu’s plans to double Nigeria’s Crude Production, raise $17.4 bn through sell down Nigeria’s newly inaugurated President, Bola Tinubu ‘s administration announced ambitious programmes and targets for Nigeria’s energy industry, citing a target of 4 million barrels per day production capacity by 2030 and also 12bcf/d Gas Production Capacity from 3.5bcf/d of Gas production capacity today.
They said this can be done by Mandating the NNPCL and NUPRC/NMDPRA to close out outstanding divestments, Strip NNPCL of policy-making roles and sell down NNPCL’s joint ventures to a minority position and develop an operating model that eliminates cash calls with targeted raise of $17.4 billion.
This was disclosed in the report by the Energy & Natural Resources subcommittees of the Bola Tinubu’s Advisory Council, proposing changes to enable growth in Nigeria’s Energy & Natural Resources Sectors viewed by Nairametrics.
Peoplesmind
